Fast Fool Facts: Easygoing Electronic Arts

Informative earnings highlights in a timely manner.

Adjusted net loss per share clocked in at $0.22, up from a net loss per share of $0.12 the previous year. Still, EA beat analysts' predictions that the company would lose $0.34 per share. The company must have been pleased by this showing, since it increased its guidance for the fiscal year.

North American and Asian sales declined by at least 20% each. However, Europeans not only purchased 21% more games year over year, but also beat North Americans in total sales.

Electronic Arts has 10 new games in its pipeline, including the highly anticipatedRock Band, which will compete with Activision's (NASDAQ:ATVI) Guitar Hero.

During the quarter, Electronic Arts continued its expansion by acquiring stakes in two online game companies: The9 (NASDAQ:NCTY)in China and Neowiz in South Korea.

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Fast Fool Facts are designed to give you informative earnings highlights in a timely fashion. Check back at Fool.com for a more in-depth discussion of this company and others.

Foolish research associate Katrina Chan does not own shares in any of the companies mentioned. The Motley Fool has a disclosure policy worth reading.